Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          06-307-19-00  03-2A8304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-SAC-80-M0.4/R11.1                    Federal Project:                                
                                     ACIM-X067(66)                                      
                                                                                        
                                                                                        
Progress payment No. 17            Payment period ending: 08-29-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,222,484.00        2,000.00                      
2.a. Extra Work                         134,353.43       26,373.01                      
  b. Adjustment Comp.                    -7,240.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,349,597.43       28,373.01                      
5. Mobilization                         248,000.00            0.00                      
6. Total Work Completed    2,597,597.43                                                 
7. Deductions                           -17,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,580,597.43       28,373.01                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              28,373.01